Asked by Jenae Jenkins on Jun 30, 2024

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Determine the ending capital balance of a business which had a beginning capital balance of $2,950, additional investments of $500, withdrawals of $750, Revenue of $3,800, and Expenses of $2,600.
$ ________

Ending Capital Balance

Ending capital balance is the amount of money a company has in its capital account at the end of a financial period after all financial transactions have been accounted for.

Beginning Capital Balance

The amount of capital at the start of a financial period before any transactions have been accounted for during the period.

Withdrawals

Money or assets taken out from a business by its owner for personal use or from a bank account by the account holder.

  • Comprehend the fundamentals of managing capital through the study of investments, withdrawals, and their consequences on owner's equity.
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Anastacia KuzminaJul 04, 2024
Final Answer :
$3,900 [$2,950 + $500 - $750 + $3,800 - $2,600]